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GOLDEN STATE THEATER 10-02-2013 13:00 av

THE CITY OF MONTEREY IS MOVING FORWARD WITH PLANS TO FIND A NEW OWNER FOR THE GOLDEN STATE THEATER.   COUNCIL MEMBERS MET TUESDAY TO DISCUSS THE RESULTS OF SEVERAL MEETINGS HELD WITH CITY RESIDENTS, ABOUT WHETHER THE CITY SHOULD SEEK OWNERSHIP OF THE THEATER.   RESIDENTS AGREED THEY SHOULD, AND NOW THE CITY IS WORKING TO MAKE IT HAPPEN.   SOME OF THE OPTIONS INCLUDE BORROWING MONEY FROM THE CITY’S PARKING FUND AND THEN PAYING IT BACK WITH REVENUE FROM THE THEATER, TO APPLYING FOR A GRANT.

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